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Make the Most of Your Retirement with These Top-Ranked Mutual Funds - February 06, 2020

Zacks Equity Research

Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.

Let's break down some of the mutual funds with the highest Zacks Rank and the lowest fees.

Fidelity Growth Company (FDGRX): 0.85% expense ratio and 0.71% management fee. FDGRX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. With annual returns of 15.61% over the last five years, this fund is a winner.

JPMorgan Small Cap Growth Fund R6 (JGSMX): 0.74% expense ratio and 0.65% management fee. JGSMX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion. JGSMX, with annual returns of 14.77% over the last five years, is a well-diversified fund with a long track record of success.

MSIF Global Opportunity Portfolio L (MGGLX): 1.29% expense ratio and 0.74% management fee. MGGLX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. With a five-year annual return of 17.5%, this fund is a well-diversified fund with a long track record of success.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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